227 5th Avenue

Lexington, NC 27292

$225,000
Price
6
Beds
2
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

CREATIVE FINANCING opportunity! Can you afford 1100-1500 per month?? Look no further. Welcome to this expansive 2400+ Sq Ft, 6-bedroom, 2-bath home located at 227 W 5th Street in Lexington, NC. Offering a unique seller financing option, potential buyers can enjoy terms of 5-20% down with an interest rate between 5-10%, refinance within 3-5 years. While the home currently lacks HVAC, installation is required before the balloon payment, ensuring future comfort. This massive property has received a...CREATIVE FINANCING opportunity! Can you afford 1100-1500 per month?? Look no further. Welcome to this expansive 2400+ Sq Ft, 6-bedroom, 2-bath home located at 227 W 5th Street in Lexington, NC. Offering a unique seller financing option, potential buyers can enjoy terms of 5-20% down with an interest rate between 5-10%, refinance within 3-5 years. While the home currently lacks HVAC, installation is required before the balloon payment, ensuring future comfort. This massive property has received a series of updates including a new roof and fresh paint. Its large, flat lot and ample parking space add to its appeal. Inside, find two modernized bathrooms and rooms brimming with potential. An extra structure on the property presents a rare opportunity for those looking to open a convenient store or explore other business ventures. Don't miss out on this versatile offering!
  1. Listed by Jason Coleman • Keller Williams One

Property Details for 227 5th Avenue

Zoning
TN

Location

Listing Courtesy of Keller Williams One
Add your commute
LISTING UPDATED: 04/15/2024 05:33 PM

Property Details for 227 5th Avenue

StatusNew Listing
MLS #1137388
Days on Market27
Taxes$1,234 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Stick/Site Built
Year Built1898
Lot Size0.27 AC / 11,626 SF
CountyDavidson County

Location

Listing Courtesy of Keller Williams One
Add your commute

Building Information for 227 5th Avenue

Stories-Year Built1898Building Size-Lot Size0.27 AC / 11,626 SF

Payment Calculator

$1,331 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,228

Property Taxes

$103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 227 5th Avenue

Summary
Location and General Information
  • County Or Parish: Davidson
  • City: Lexington
  • Directions: Take I-85BL S/US-29 S/US-70 W. Slight right onto I-85BL SI-85BL S. Keep left to continue on N Main St. Turn right onto W 5th Ave. House will be on the left
  • Latitude: 35.81972
  • Longitude: -80.25751
  • Postal Code: 27292
  • Postal Code Plus 4: 2903
  • Subdivision Name: None
Taxes and HOA Information
  • List AOR: Greensboro
  • Tax Rate: 1.31%
  • Tax Annual Amount: $1,234.00
  • Tax Assessed Value: $94,210.00
  • Tax Legal Description: BC L1 BK2554-1707 W 5TH AV
  • Tax Lot: 1
  • Tax Year: 2023
  • Parcel Number: 11108000C0001000
  • Association: No
Parking
  • Parking Features: Driveway
School Information
  • High School: Lexington City
  • Elementary School: Southwest
Property
Lot Information
  • Lot Size Acres: 0.2669
  • Lot Size Dimensions: 76 x 152 x 76 x 151
  • Built Information: Existing
  • Heated Finished Main SqFt Range: 1400 - 1800
  • Heated Finished Second SqFt Range: 600 - 900
  • Lot Number: 1
  • Total Heated Finished SqFt Range: 2100 - 2600
  • Water Source: Public
  • Year Built: 1898
Property and Assessments
  • Photos Count: 36
  • Property Type: Residential
  • Deed Book: 2554
  • Deed Page: 1707
  • Documents Count: 3
  • Fixture Exception: No
Utilities
  • Heating Fuel: No Fuel
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Pool Features: None
  • Construction Materials: Wood Siding
  • Levels: Two
  • Laundry Features: Dryer Connection, Washer Hookup
  • Porch: Yes
  • Fenced: No
  • Pool: No
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Crawl Space
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 6
  • Cooling: None
  • Fireplaces Total: 0
  • Flooring: Carpet
  • Heating: None, No Fuel
  • Interior Features: Built-in Features
  • Full Baths Lower: 0
  • Full Baths Main: 1
  • Main Level Bathrooms: 1
  • Full Baths Upper: 1
  • Half Baths Lower: 0
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Rooms Total: 9.0
  • Primary On Main YN: Yes
  • Second LQ YN: No
Room Information
Room 1 Information
  • Room Type: Living Room
  • Room Level: Main
  • Room Length: 20.583333
  • Room Width: 14.25
  • Room Length Width Units: Feet
  • Room Area: 293.3125
  • Room Area Units: Square Feet
  • Room Dimensions: 14ft 3in x 20ft 7in
Room 2 Information
  • Room Type: Kitchen
  • Room Level: Main
  • Room Length: 13.5
  • Room Width: 11.75
  • Room Length Width Units: Feet
  • Room Area: 158.625
  • Room Area Units: Square Feet
  • Room Dimensions: 11ft 9in x 13ft 6in
Room 3 Information
  • Room Type: Bedroom 2
  • Room Level: Main
  • Room Length: 14.166666
  • Room Width: 13.583333
  • Room Length Width Units: Feet
  • Room Area: 192.430555
  • Room Area Units: Square Feet
  • Room Dimensions: 13ft 7in x 14ft 2in
Room 4 Information
  • Room Type: Bonus Room
  • Room Level: Second
  • Room Length: 14.416666
  • Room Width: 11.5
  • Room Length Width Units: Feet
  • Room Area: 165.791666
  • Room Area Units: Square Feet
  • Room Dimensions: 11ft 6in x 14ft 5in
Room 5 Information
  • Room Type: Bedroom 4
  • Room Level: Second
  • Room Length: 11.0
  • Room Width: 20.0
  • Room Length Width Units: Feet
  • Room Area: 220.0
  • Room Area Units: Square Feet
  • Room Dimensions: 20ft 0in x 11ft 0in
Room 6 Information
  • Room Type: Bonus Room
  • Room Level: Second
  • Room Length: 16.916666
  • Room Width: 21.166666
  • Room Length Width Units: Feet
  • Room Area: 358.069444
  • Room Area Units: Square Feet
  • Room Dimensions: 21ft 2in x 16ft 11in
Room 7 Information
  • Room Type: Dining Room
  • Room Level: Main
  • Room Length: 13.5
  • Room Width: 15.333333
  • Room Length Width Units: Feet
  • Room Area: 207.0
  • Room Area Units: Square Feet
  • Room Dimensions: 15ft 4in x 13ft 6in
Room 8 Information
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Length: 13.166666
  • Room Width: 14.0
  • Room Length Width Units: Feet
  • Room Area: 184.333333
  • Room Area Units: Square Feet
  • Room Dimensions: 14ft 0in x 13ft 2in
Room 9 Information
  • Room Type: Bedroom 3
  • Room Level: Main
  • Room Length: 14.166666
  • Room Width: 14.833333
  • Room Length Width Units: Feet
  • Room Area: 210.138888
  • Room Area Units: Square Feet
  • Room Dimensions: 14ft 10in x 14ft 2in
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell

Property History for 227 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 227 5th Avenue

This home is within Lexington City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 5
Rating
School
Distance
Charles England Intermediate School
Public1 to 5

Lexington Middle School
Public6 to 8

Lexington Senior High School
Public9 to 12

Southwest Elementary School
Public1 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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227 5th Avenue is a single family home for sale in Lexington, NC 27292. This property was listed for sale on April 2, 2024 by Keller Williams One, it's currently listed at $225,000. This listing's school district is Lexington City School District. Nearby schools include Charles England Intermediate School, Lexington Middle School and Lexington Senior High School. 227 5th Avenue is a 6-bed, 2-bath, single family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams One

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